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20121005
20121005
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for north american energy self-sufficiently, singling out coal as an endangered species under obama. listen. >> i like coal. i want to make sure we can continue to burn clean coal. people in the coal industry feel like it's getting crushed by your policies. >> lots of bozos went in and bought the coal stocks. all the coal stocks on. this wrong take away, people! coal's hostage to chinese demand more than u.s. use. that's not the case for the users of coal. the users, people. and that's why i said romney's giving you a heads up to buy american electric power and southern company, two coal building utilities that have to spend far less retrofitting facilities under romney staffed epa. i would be a seller of the consol energies and the peabodies in the strength. i take down union pacific. it is the carrier of clean coal. i would never recommend a company on this show with bad fundamentals. but they can be justified even with this sitting president. the pure coal plays are faltering fundamentally. there is no way i'm going to buy them based on some off handed debate patter. you want a battlegro
. the hang seng gained half a percent today. energy rallied. global clothing supplier is in talks to buy new york based synergy world flight. the nikkei edged up to a week high, but lost 7% on on the week. down beat earnings reports, plunging sales in china due to the territorial backlash. the boj decided to keep its rates as expected. pc makers extending a losing streak, but media tech gained 2% on strong earnings growth outlook. south korea kospi also closed marginally in the green. samsung electronics had a volatile session after reporting record q3 operating profit, ending higher by 0.2%, but l.g. display tumbled 4.5% after a downgrade on profitability concerns. australian miners and banks leapt support to the sx 200. sensex bucking the upward trend, now lower by 0. 7%. back to you, ross. >> okay, thanks for that. so china shares getting back to action on monday. that's after a holiday week. investors will get a chance to react to the unspiraling pmi data for september. what can we expect -- the chinese market's been a big underperformer this year. can we expect when we get back to actio
governor romney talked about creating 4 million jobs by embracing an energy independence for north america. i have the ceo of the largest pipeline builder on my other show "mad money" last night. he said 4 million is reasonable, but the federal government is not being helpful. i know you favor all sort of energy, solar, fantastic. what do you say about the 4 million? >> actually, a say that we need to create more jobs across the board and particularly, highly skilled people to work in the refinery and production areas where we're finding more energy and we have to have a balance, so i'm totally for that. i encourage more a perennisship programs and training in that area. we have a high need for welders and people working in refineries and i'm all for paying for those jobs and looking at other alternative forms of energy and we have to have a balance of both. >> the unemployment rate falling below 8% for the first time since january 2009 and i'm sure the labor department was hearing about that this morning. at the same time, can you tell the american people that this 7.8 number marks the tu
>> bmc software. huge activity in january. >> keep an eye on linn energy and keep an eye on tim tebow. it might be this week. >> happy columbus day weekend, you guys. you know who you are. o.i., owens, illinois. >>> "power lunch" now. >> announcer: halftime is over. the second half of the trading day starts right now. >>> 7.8% unemployment. did president obama just win next month's election? jack welch says hold your horses on that 7.8% number. he doesn't really believe it. an influential florida congressman agrees. we'll talk to that congressman live and ask him on what he bases his suspicions. >>> a place in the united states where gasoline has now become hard for drivers to find. you will find out why coming up on "power lunch." >>> meantime, let's go to sue at the new york stock exchange. sue? >> the markets have been up all day long. we're up about 60 points or so on the dow jones industrial average and the big reason of course is the number that we got this morning, falling unemployment. we are now below the 8% level for the first time in four years. the question is how di
're going into earnings season. let's see how they come out. energy, materials, and financials are supposed to be down and the overall down 5%. >> goldman says this is primarily about the fiscal cliff. do you agree? >> i think it's going to be very heavily earnings driven where you get china and europe in the picture too. i think fiscal cliff is partial. it will be a partial cliff. it won't be a huge dropoff. it will be a partial dropoff, in our humble opinion. we think the consumer and the low interest rates and europe and china mean you're not going to have much earnings next year. that's really our big call. >> are you scared after what he said? >> no, not at all. >> do you agree, disagree? >> it doesn't really change our view on what we're doing. we're buying cheap assets, things like emerging market equities that's trading at 12 times earnings. >> but if he's right, all those assets can get a lot cheaper in the next three months. >> true, true. but what the fed is doing in terms of pumping ining liquidit the market. it's pretty supportive. >> why so pessimistic though? give us a partic
including the fact that domestic energy production is way up under president obama. >> we heard about that in the debate in spite of instead of because of. >> not in spite of. the fact of the matter is president obama has reduced our dependence on foreign oil over these last few years, we've seen jobs created in the solar industry, in green industries. our state ranks fourth among the 50 states in terms of the number of jobs in the green sector so there are things we can and must do in order to make this recovery happen more quickly. but the fact of the matter is, not since 2005 have we had 30 months in a row of private sector job growth. we're seeing our housing industry coming back, with housing values rising in maryland, seven consecutive months on a year over year basis. so there are a lot of things we can do as a country, if we put job creation first, and that's what president obama has been doing, even in the face of obstructionists who are trying to slow the jobs recovery before the election. >> governor? >> that dog is trying its best to catch up with the fire truck but we kee
Search Results 0 to 5 of about 6